Interchange Capital Partners LLC Sells 1,019 Shares of NextEra Energy, Inc. (NYSE:NEE)

Interchange Capital Partners LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,308 shares of the utilities provider’s stock after selling 1,019 shares during the quarter. Interchange Capital Partners LLC’s holdings in NextEra Energy were worth $1,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Burkett Financial Services LLC boosted its position in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the fourth quarter valued at about $28,000. Quarry LP purchased a new position in NextEra Energy during the 3rd quarter worth $33,000. Luken Investment Analytics LLC purchased a new position in NextEra Energy during the 4th quarter worth $36,000. Finally, Harvest Fund Management Co. Ltd grew its stake in NextEra Energy by 2,482.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after buying an additional 571 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. Guggenheim restated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley boosted their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $85.92.

NextEra Energy Trading Down 0.3 %

NYSE NEE opened at $70.92 on Monday. The company has a market capitalization of $145.87 billion, a PE ratio of 21.04, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a fifty day moving average of $70.62 and a 200 day moving average of $75.49. NextEra Energy, Inc. has a 1 year low of $61.30 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.